Many small business owners are not adequately
informed in the aspects of bookkeeping. This could
result in time consuming and costly mistakes.
Inaccurate or outdated records could cause delays in
loan applications and loan processing. It could
prevent you from getting the best possible interest
rates and highest lines of credit you deserve. Worse
still, poor or inaccurate records could cost you
penalties, fees and late charges with your vendors,
creditors and with governmental agencies. Long delays
in invoicing your customers could result in inadequate
cash flow. You could find yourself short of cash and
unable to pay your debts.

Is
a bookkeeping service right for you?

Is keeping track of your bookkeeping the
primary reason you are in business?

Probably
not.The
time you spend each week doing financial paperwork
could be keeping you from improving, expanding and
increasing your business.

Would your business be better if you put more
time into it?

There are only so many hours you can spend on
your business. Freeing up a few hours a week could go
a long way toward an overall increase in your business
... and your income.

Why not hire an employee to do the
bookkeeping?

Many
businesses are not large enough to handle the cost of
a full or part time bookkeeper. A small business may
only need a bookkeeper for a couple of hours a week.
Hiring an employee is an expensive venture. In
addition to wages, the employer is responsible for
Medicare and social security taxes, federal and state
unemployment taxes and for workers compensation
insurance. Hiring an independent service is a tax
deductible expense with no hidden costs.

Why should I pay a bookkeeping service? I
have a family member do my bookkeeping.

Again,
unless that family member is educated in all aspects
of bookkeeping you could be running the risk of making
errors that could cost you both time and money. Plus,
if your family members are employed elsewhere they may
not always want to work nights or weekends in your
small business.

Why do personal bookkeeping?

Every
day life is hectic. In many
households both partners are working outside the home.
Add in children, schools, sports, and outside
activities and free time is further reduced. While it
was once considered an extravagance to bring in
outside services many now consider it a necessity.
House cleaning, lawn services, in house childcare and
personal shoppers are all very common. Bookkeeping
services, on or off your premises, can be too.